Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Sold by Trust Point Inc.

Trust Point Inc. trimmed its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 43.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,463 shares of the electronics maker’s stock after selling 3,475 shares during the quarter. Trust Point Inc.’s holdings in Advanced Energy Industries were worth $516,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc increased its position in Advanced Energy Industries by 535.3% in the 4th quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 182 shares during the period. Huntington National Bank increased its position in Advanced Energy Industries by 200.0% in the 3rd quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 208 shares during the period. Quantbot Technologies LP acquired a new stake in Advanced Energy Industries in the 3rd quarter valued at approximately $41,000. Meeder Asset Management Inc. increased its position in Advanced Energy Industries by 68.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock valued at $48,000 after acquiring an additional 186 shares during the period. Finally, Blue Trust Inc. increased its position in Advanced Energy Industries by 2,150.0% in the 3rd quarter. Blue Trust Inc. now owns 810 shares of the electronics maker’s stock valued at $88,000 after acquiring an additional 774 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AEIS has been the topic of several analyst reports. Benchmark restated a “buy” rating and issued a $125.00 target price on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Susquehanna decreased their price target on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. StockNews.com raised Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Citigroup raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and increased their price target for the company from $110.00 to $138.00 in a research note on Monday, January 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 price target on shares of Advanced Energy Industries in a research note on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.89.

Insider Activity

In other news, Director Lanesha Minnix sold 1,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total value of $111,720.00. Following the completion of the sale, the director now owns 5,092 shares in the company, valued at $568,878.24. This represents a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.87% of the company’s stock.

Advanced Energy Industries Stock Performance

AEIS opened at $113.94 on Thursday. The business has a fifty day simple moving average of $117.61 and a 200-day simple moving average of $110.37. The firm has a market cap of $4.29 billion, a PE ratio of 99.95, a P/E/G ratio of 3.66 and a beta of 1.45. Advanced Energy Industries, Inc. has a fifty-two week low of $89.11 and a fifty-two week high of $130.50. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48.

Advanced Energy Industries Profile

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.